Advanced Micro Devices (AMD) is trending higher in pre-market on Wednesday as investors continue to bet on its growing role in the artificial intelligence (AI) chip market. The latest boost comes after Oracle (ORCL) announced plans to deploy 50,000 AMD GPUs across its data centers starting in 2026. This new deal further strengthens AMD’s position in the high-performance AI hardware space.
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Yesterday, AMD also introduced its “Helios” AI platform at the OCP Global Summit 2025, developed in partnership with Meta (META). The new design aims to make AI data centers faster and more open, marking yet another step in AMD’s push to become a key player in the infrastructure powering global AI growth.
Oracle Deal Extends AMD’s AI Momentum
The new partnership marks another big win for AMD, following last week’s major AI chip supply deal with OpenAI, the maker of ChatGPT. Together, these announcements highlight AMD’s rising influence in the high-end GPU market, an area long dominated by Nvidia (NVDA).
Oracle’s plan to expand its use of AMD’s Instinct GPUs signals growing demand for the company’s data center products. The rollout, set to begin in the second half of 2026, shows how cloud giants are diversifying their AI chip suppliers to secure capacity amid booming demand for AI compute power.
Analysts Stay Bullish on AMD’s AI Growth Story
Wall Street analysts remain upbeat on AMD’s prospects. Analysts believe the recent partnerships with OpenAI and Oracle could help AMD gain more traction in the fast-growing AI accelerator market.
On TipRanks, AMD stock has a Moderate Buy consensus rating based on 28 Buy and 10 Hold ratings. The average Advanced Micro Devices price target of $244.18 implies 11.96% upside potential from current levels. Year-to-date, AMD stock has surged over 81%.
